Numerix Recognized as Leading Provider of Front-Office Risk Technology by Chartis Research

Numerix named a Category Leader in the Chartis Research RiskTech Quadrant® for Front-Office Risk Management (FORM) Technology

Chartis Research, the leading provider of research and analysis on the global market for risk technology, has published the results of a new study analyzing today’s front-office operating environment. The report spotlights Numerix’s position as a leading provider of front-office risk technology. Scoring high for completeness of offering, strong risk functionality and a modern, open architecture, Chartis Research explains why Numerix is well positioned for the rapidly changing front-office risk management space.

Open & Flexible: Key to the Front-Office Risk Technology Future

Due to radical business changes of the past several years, banks have seen the need to reform their front-office operations.

“To suit the needs of the new risk paradigm, we’ve evolved our technology. Moving to an open architecture has enabled fast delivery of new functionality, and the ability to offer a truly scalable risk solution to our clients,” said Steve O’Hanlon, CEO of Numerix. “This openness also provides flexibility. Our solutions can react more efficiently and be adapted to meet changing conditions.”

“Many firms are in the process of consolidating their front-office systems using architectures designed for multiple discrete components, or a legacy operating environment,” says Rob Stubbs, Head of Research at Chartis Research. “Thanks to its platform and architecture, Numerix can avoid some of these constraints, and its focused, flexible tools and services can help financial institutions address their front-office risk issues more effectively.”

Today, global and national banks are now seeking to free their risk systems from the constraints and silos of their trading systems, the report goes on to say. The availability of new technologies, and the complexity of data management and regulatory effects are driving banks closer to transformational change.

O’Hanlon concludes: “Next-generation front-office systems should consist of broad functional coverage across multiple asset classes and strong support for a wide range of xVAs underpinned by real-time functionality. A unified platform, with diverse technology options for more flexible and efficient consumption of analytics and results, will be the winning strategy.”

To receive a copy of the Vendor Spotlight report featuring Numerix solutions for FORM – request here.

About Numerix
Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence capabilities for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of the latest technologies, Numerix is dedicated to driving a more open, fintech-oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more about Numerix: (www.numerix.com)

About Chartis Research
Chartis is the leading provider of research and analysis on the global market for risk technology and is part of the Insight division of InfoPro Digital, which includes market leading brands such as Risk and Waters Technology. Chartis’ goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. RiskTech Quadrant®, RiskTech100® and Fintech QuadrantTM are registered trademarks of Chartis Research (www.chartis-research.com).